Energy Economics for Managers


Overview



Start dates 2021

8 virtual lectures start on: April 26 to May 27 

Virtual Team Building Games: 17 / 20 May 



Programme Price

3000 € (excl. VAT)




Phenomena such as climate change, the rise of renewable technology, rapid urbanisation and the liberalisation of electricity markets are altering the energy landscape faster than ever before. Managing these complex changes will require a deep knowledge of the dynamic economic forces that are reshaping the sector.

This programme equips energy managers with the vital skills and knowledge required to understand and influence those forces effectively. Built around real-world electricity sector case studies and deploying cutting-edge virtual learning methods, the programmer empowers participants with a range of powerful microeconomic analytical tools to enact positive change across the energy sector.


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Designed and delivered by EIT InnoEnergy, one of Europe’s leading renewable energy authorities, and Grenoble Ecole de Management, a triple-accredited French business school with a unique focus on the management of technology and innovation, Energy Economics for Managers will help participants to recognise and leverage the most important tools for energy economics. These skills will be vital to develop and analyse successful business strategies in the energy sector including:


Supply and demand analysis in energy markets:

  • Comparative statistics to predict market outcomes.
  • Demand and supply elasticity;
  • The impact of levelised cost of electricity (LCEO)
  • Cost-benefit analysis (CBA) of different technologies; and
  • Game theory concepts to identify the best strategies.




What will participants learn?


This programme is specifically designed for energy professionals and managers who want to understand the practical economics of energy transition.  During the programme, participants will learn the main concepts and tools used by energy economists to analyse energy markets and they will start to understand the fundamental forces that are operating within the energy sectors.

For energy professionals, this is a chance to develop the economic tools to design and manage effective energy strategies.  For managers, it is a great opportunity to learn about these tools and to start the journey towards thought leadership by promoting the rigorous analysis required to make a successful energy transition.


Programme content:


Lecture 1: Market Efficiency and Market Failures

Date: April 26th 


  • Construct demand and supply curve;
  • Predict simple market outcomey;
  • Identify market failures in energy markets


Lecture 2: Firms’ Strategies and Market Power

Date: April 29th 


  • Predict monopoly and competitive equilibrium in electricity markets;
  • Calculate demand elasticity of electricity demand;
  • Establish the pros and cons to regulate natural monopolies in electricity markets


Lecture 3: Deregulation of Electricity Markets

Date: May 3rd 


  • Elaborate firms' strategies in electricity markets using tools from game theory;
  • Understand simple electricity auctions and bidding strategies


Lecture 4: Environmental Policies in Electricity Markets

Date: May 6th 


  • Establish the pros and cons of market-based instruments.
  • Elabotate constructive critics of U-ETS


Lecture 5: Financing Basics: NPV and Discounting

Date: May 10th 


  • Perform net-present value calculations and cost-benefit analysis to compare energy technologies


Lecture 6: Evaluating New Technologies with LCOE

Date: May 13th 


  • Compute levelized cost of electricity for wind and solar PV technologies


Lecture 7: Evaluating New Business Models

Date: May 24th 

  • Elaborate Business Model Canvas for the electricity sector

Lecture 8: Evaluation Session

Date: May 27th 

  • Summary and perspectives of previous learning objectives

Serious Game: Session 1

Date: May 17th 

  • Elaborating strategies in the electricity markets

Serious Game: Session 2

Date: May 20th

  • Elaborating strategies in the electricity markets


Lectures: Time Spent (In-class/Outside class in minutes) – 120 / 90 minutes

Games:  Time Spent (In-class/Outside class in minutes) – 180 /120 minutes


Download the programme overview here




Who should attend?


The programme is aimed at energy professionals and managers within the energy sector including:

  • Engineers in the energy field
  • Business analysts and energy analysts
  • Energy business consultants
  • Entrepreneurs




Who are the experts?

The programme has been designed and delivered as a partnership between Grenoble Ecole de Management and EIT InnoEnergy. Led by some of the most experienced lecturers in their fields, it delivers a powerful mixture of academic research in energy economics with practical applied knowledge and experience. Each of our lecturers has experience in the business world.  They have already worked to solve the practical challenges inherent in the energy transition process. They understand the challenges from both an academic and a business perspective.

Sébastien Houde, Associate Professor, Grenoble Ecole de Management

Sébastien is an economist with expertise in industrial organisation, digital marketplaces, energy, environmental issues and consumer behaviour. His work places him at the intersection of econometrics, data science and optimisation methods. He develops tools and empirical strategies to study business and consumer behaviour in a range of markets.

Joachim Schleich, Professor, Grenoble Ecole de Management

Joachim has been a Professor of Energy Economics in the department of Management & Technology since 2011 and his work in the fields of energy management have been published in leading publications including Energy Economics, Resource and Energy Economics, Energy Policy, Climate Policy, Ecological Economics, Energy Efficiency, European Journal of Political Economy and Review of International Economics.

Fabrice Arroyo, Programme Director of the Advanced Master (MS) in Energy Marketing & Management at Grenoble Ecole de Management.

Fabrice teaches and consults in energy markets and technologies. He has considerable experience gained from previous roles in both marketing and business development for start-ups in the renewables, Cleantech and IT sectors.  He also has extensive business experience in project management and finance.

Xavier Lambin, Assistant Professor, Grenoble Ecole de Management

After two years of strategy consulting, Xavier completed a PhD in Industrial Economics at the Toulouse School of Economics in 2019. That year, he joined Grenoble Ecole de Management as an Assistant Professor, where he now focuses his research on the architecture of electricity markets and the digital economy using both theoretical and empirical techniques.

Valeria Fanghella, Researcher Energy Team, Grenoble Ecole de Management

Valeria is studying for her PhD at the University of Trento, in Genoa where she focuses on behavioural environmental economics, laboratory experiments and field experiments.

 

Take the next step. Prepare to lead innovation at your organisation today.


If you are interested in this course and would like more information to help you decide if it is right for you, please contact Christine Durand on +33 6 70 08 22 42 via or via christine.durand@innoenergy.com


Alternatively, you can request a call-back and we will contact you.


Terms & Conditions

Dates
Lecture 1: Market Efficiency and Market Failures
Date: 2021-04-26
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 2: Firms’ Strategies and Market Power
Date: 2021-04-29
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 3: Deregulation of Electricity Markets
Date: 2021-05-03
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 4: Environmental Policies in Electricity Markets
Date: 2021-05-06
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 5: Financing Basics: NPV and Discounting
Date: 2021-05-10
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 6: Evaluating New Technologies with LCOE
Date: 2021-05-13
Time: 15:00:00 - 17:00:00 (2 hrs)
Serious Game: Session 1
Date: 2021-05-17
Time: 15:00:00 - 17:00:00 (2 hrs)
Serious Game: Session 2
Date: 2021-05-20
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 7: Evaluating New Business Models
Date: 2021-05-24
Time: 15:00:00 - 17:00:00 (2 hrs)
Lecture 8: Evaluation Session
Date: 2021-05-27
Time: 15:00:00 - 17:00:00 (2 hrs)

Get In Touch
thomas.jpg

Thomas Berger

T +49 17 3794 6650

thomas.berger@innoenergy.com

German | English

German | English

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Jan Verveckken

T +31 6 4695 9657

jan.verveckken@innoenergy.com

Dutch | English | Portuguese

German | French

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Christine Durand

T: +33 6 7008 2242

christine.durand@innoenergy.com

French | English | Spanish

German | English



Enroll

Download the brochure